On the Beach Group (LON:OTB) Trading Up 12.4% – Time to Buy?

On the Beach Group plc (LON:OTB) shares were up 12.4% on Wednesday . The company traded as high as GBX 224 and last traded at GBX 216.50. Approximately 2,965,582 shares were traded during trading, an increase of 245% from the average daily volume of 860,012 shares. The stock had previously closed at GBX 192.60.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Panmure Gordon reiterated a “buy” rating and set a GBX 300 price target on shares of On the Beach Group in a research report on Monday, November 24th. Canaccord Genuity Group reduced their target price on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a report on Thursday, September 25th. Shore Capital lowered On the Beach Group to a “hold” rating and decreased their target price for the stock from GBX 330 to GBX 230 in a research report on Tuesday, November 18th. Finally, Berenberg Bank dropped their price target on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, On the Beach Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 280.75.

On the Beach Group Stock Up 0.5%

The stock’s 50 day simple moving average is GBX 210.65 and its two-hundred day simple moving average is GBX 252.56. The firm has a market cap of £322.56 million, a P/E ratio of 23.64, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83.

On the Beach Group (LON:OTB) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 19 EPS for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. As a group, research analysts forecast that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

On the Beach Group Company Profile

On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.

Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.